This Off Licence has been established since 2008 in Wolverhampton and has enhanced its reputation ever since. Being ideally located on a main road, and in a high footfall area, the business attracts a large number of local residents and benefits hugely from passing trade, especially with its late opening hours.
The business currently works on a good gross profit and the current proprietor enjoys a salary of £700 per week after all associated costs (rent, rates, provisions, staff and utilities). If the new owner chooses to work more hours the profit would increase by 50%.
Financial Information: The current turnover stands at £6,000+ per week and growing!
Lease: The premises are held on a 11-year lease. The rent is currently £11,000 per annum. The business rates are ZERO per annum.
Trading Hours: Monday to Sunday 10.00am-10.00pm
Property Description: This is a single-fronted premises located on a busy main road. The entrance leads into the main sales and display area. The counter is located to the left-hand side of the entrance with a cigarette display behind. The shop is fully-fitted throughout with racking and shelving. There is a stunning display of wines and spirits and also large fridges to store beer. To the rear of the shop is a stockroom and toilet facilities. There is parking to the front. Full CCTV is installed.
All Fixtures & Fittings are included in the sale with Stock extra.
There is scope to continue growth and increase turnover by installing Payzone, PayPal and Lottery and adding Greeting Cards and more Convenience goods to the already impressive range of items offered. The area will soon have a further 300 new houses built in close vicinity of the shop meaning even greater footfall!!
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.
Viewing Arrangements All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.
11 years remain on the existing lease.